TMT Fund, w/e 19th January 2024
As the market pulls back, some small rotations this week.
What We are Seeing
After the huge Santa Claus rally, some setback was expected in early January, at best trading sideways and indeed, some ‘negative’ macro noise on inflation and growth has spooked some of the more excitable players in the ‘Fed pivot’ camp, causing Bonds in particular to sell off, with most equities following. Japan however has continued…
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